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S. 3036

U.S. Senate•In Senate Committee

Summary

S. 3036, the Chinese Communist Party SDR Exchange Prohibition Act of 2025, was introduced in the Senate on Oct 23, 2025 by Sen. Rick Scott (R). It was referred to Foreign Relations, and last saw action on Oct 23, 2025: Read twice and referred to the Committee on Foreign Relations.

Record

Text

S. 3036 has no co-sponsors and has not gone to a roll call.

sb3036/introduced-in-senate.txt
119 S3036 IS: Chinese Communist Party SDR Exchange Prohibition Act of 2025
 U.S. Senate
 2025-10-23
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
  II
  119th CONGRESS
  1st Session
  S. 3036
  IN THE SENATE OF THE UNITED STATES
  October 23, 2025
  Mr. Scott of Florida  introduced the
  following bill; which was read twice and referred to the  Committee on Foreign
  Relations
  A BILL
To prohibit the Secretary of the Treasury from engaging in transactions
  involving the exchange of Special Drawing Rights issued by the International Monetary
  Fund that are held by the Chinese Communist Party.
1.
Short title
This Act may be cited as the   Chinese Communist Party SDR Exchange Prohibition Act of 2025  .
2.
Prohibition on exchange of Special Drawing Rights held by Chinese Communist
  Party
(a)
In general
The Secretary of the Treasury may not engage in any transaction involving the exchange of Special Drawing Rights issued by the International Monetary Fund and held by the Chinese Communist Party.
(b)
Advocacy
The Secretary shall—
(1)
vigorously advocate that the government of each member country of the International Monetary Fund, to the extent that the member country issues a freely usable currency, prohibit transactions involving the exchange of Special Drawing Rights held by the Chinese Communist Party; and
(2)
direct the United States Executive Director of the International Monetary Fund to use the voice and vote of the United States to oppose any allocation of Special Drawing Rights to the Chinese Communist Party.
(c)
Waiver
The President may waive the application of this section if the President—
(1)
determines that a waiver is in the national interest of the United States; and
(2)
submits to Congress a notice of and justification for such waiver.
(d)
Termination
This section shall terminate on the earlier of—
(1)
the date that is 5 years after the date of the enactment of this Act; and
(2)
the date on which the President determines and reports to Congress that termination of this section is in the national interest of the United States.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-10-23
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Chinese Community Party.

Sponsors

Sen. Rick Scott (R) sponsors S. 3036 alone.

Rick Scott

Sen. · R–FL · Sponsor

Committees

S. 3036 went before 1 committee: Foreign Relations.

Foreign Relations
Foreign Relations
Referred To · Oct 23, 2025 · 385 Bills

Actions

S. 3036 has taken 2 actions since Oct 23, 2025.

ChamberAction
Oct 23, 2025
Senate
Read twice and referred to the Committee on Foreign Relations.Foreign Relations Committee
Oct 23, 2025
—
Introduced in Senate

Votes

S. 3036 has not gone to a roll call.

Titles

S. 3036 goes by 3 titles, 1 of them short titles.

  • Chinese Communist Party SDR Exchange Prohibition Act of 2025 — Display Title
  • Chinese Communist Party SDR Exchange Prohibition Act of 2025 — Short Title(s) as Introduced
  • A bill to prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Chinese Community Party. — Official Title as Introduced

Classification

The Congressional Research Service files S. 3036 under International Affairs, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 3036’s is International Affairs.

s3036/policy-areas.txt
International AffairsAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com